This listing includes AI condition scoring, neighbourhood intelligence, and market valuation data — giving you a complete picture before you visit. Compare rental yield, price per square metre, and location strength against the broader Portuguese market to assess whether this property fits your investment strategy.
3-bedroom, 2-bathroom apartment of 112 m², energy rating C. Located Quelfes parish, Olhão municipality, Faro district. Noteworthy Features: The apartment includes a contemporary kitchen with high-quality finishes and offers a strategic location near essential services in Quelfes, enhancing rental potential.
The valuation. The asking price of €290,000 is significantly above its fair value of €202,621, representing an overvaluation of €87,379 (30.1%). This discrepancy raises concerns about the property’s investment viability.
Fair value modelled at €202,621 from the area baseline, adjusted for condition and location. Asking €290,000 sits €87,379 (30.1%) above — overpriced versus fair value.
Asking €290,000 versus the Quelfes, Olhão, Faro area baseline of €192,304 (€1,717/m²) for a median-condition unit of this size — the gap before quality adjustments.
AI Condition Index 77/100 (Condition 74 · Materials 78 · Room dimensions 76). Above-median finish quality lifts fair value versus a baseline unit needing CapEx.
Neighbourhood score 60/100 (Housing Market 65 · Amenities 55 · Economic 60 · Tenant Quality 60). Strong amenities and housing-market momentum support a premium to baseline.
Quelfes, Olhão, Faro
Area baseline €192,304 + condition +€2,625 + location +€7,692 = modelled fair value of €202,621 (€1,809/m²), a €87,379 (30.1%) gap versus the €290,000 asking price.
| Reference | Status | Price | €/m² | vs subject | Condition | Location |
|---|---|---|---|---|---|---|
| Quelfes · 49b7b7 | Subject | €290,000 | €2,589 | — | 74 | 60 |
| estrada de Quelfes | Active | €299,500 | €2,186 | 15.6% | 73 | 71 |
| Quelfes · cfe040 | Active | €390,000 | €2,267 | 12.4% | 72 | 66 |
| rua Vasco da Gama | Active | €270,000 | €2,328 | 10.1% | 68 | 63 |
| Quelfes · 1e619e | Active | €445,000 | €2,665 | 2.9% | 72 | 64 |
| Median comp | €344,750 | €2,298 | 11.3% | 72 | 65 |
Long-term rental The 3-bed apartment in Quelfes is not ideal for long-term rental due to its current listing price being 30.1% above the fair value of €202,621. Additionally, the gross yield of 5.2% does not adequately compensate for the risks associated with this overpriced investment. Short-term vacation rental While situated near the Algarve tourist region, the property remains overpriced at €290,000, resulting in diminished potential for a profitable short-term vacation rental. The 5.2% gross yield fails to justify the investment given the market's realities and the neighborhood's lower desirability rating of 60/100. Buy-and-hold Investing in this 3-bed apartment as a buy-and-hold strategy seems precarious, as its price exceeds fair value by 30.1%. Considering the property's condition rating of 77/100 and overall return prospects in an overpriced market, it may underperform over time compared to more strategically valued options.
Economic and Tenant Stability Concern The property has a combined economic and tenant stability score of 60/100, indicating moderate risk in maintaining consistent cash flow due to potential economic fluctuations and tenant turnover.
